नोटबंदी के 3 साल पूरे – 3 Years Of Demonetisation Complete

Since it is not yet over and it may take many more months for things to become normal, we can say that surgical demonetisation is a failure on cost-benefit analysis as well because it effected far more short-term pain than short-term gains. However, the failure of surgical demonetisation also had some positive impacts.

How many times Demonetisation happened in India?

A look into the past will make you realise that India is no new to demonetisation. Demonetisation has been implemented twice -1946 and 1978 – in the past. The first currency ban: In 1946, the currency note of Rs 1,000 and Rs 10,000 were removed from circulation.

Why Demonetisation was done?

According to Investopedia, demonetization is the act of stripping a currency unit of its status as legal tender. 1) To tackle black money in the economy. … 3) To eliminate fake currency and dodgy funds which have been used by terror groups to fund terrorism in India.

How much black money is recovered after Demonetisation?

Of the Rs 15.41 lakh crore worth Rs 500 and Rs 1,000 notes in circulation on November 8, 2016, when the note ban was announced, notes worth Rs 15.31 lakh crore have been returned. This meant just Rs 10,720 crore of the junked currency did not return to the banking system.